PMI Calculator
Estimate the monthly private mortgage insurance on a home loan from the price, your down payment and the PMI rate.
- Free
- No sign-up
Enter the price, down payment and PMI rate to see the cost.
Worked example
With these example inputs:
- Home price$400,000
- Down payment10%
- PMI rate0.5%
Monthly PMI: $150.00
- Loan amount$360,000
- Loan-to-value90.0%
Frequently asked questions
When do I pay PMI?
Lenders charge PMI when your down payment is below 20%, so the loan is over 80% of the home's value. It protects the lender, not you.
How do I get rid of PMI?
PMI usually ends once your loan falls to 80% of the original value, either by paying down the balance or as the home appreciates. With 20% down there is no PMI at all.